Assetmark Inc. Purchases 713 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Assetmark Inc. grew its stake in Harley-Davidson, Inc. (NYSE:HOG) by 209.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,053 shares of the company’s stock after acquiring an additional 713 shares during the period. Assetmark Inc.’s holdings in Harley-Davidson were worth $27,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Covestor Ltd boosted its stake in Harley-Davidson by 18.8% in the 4th quarter. Covestor Ltd now owns 4,163 shares of the company’s stock worth $125,000 after purchasing an additional 658 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Harley-Davidson by 52.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,110 shares of the company’s stock worth $53,000 after buying an additional 725 shares during the period. UMB Bank n.a. increased its holdings in shares of Harley-Davidson by 153.6% in the first quarter. UMB Bank n.a. now owns 1,306 shares of the company’s stock valued at $33,000 after purchasing an additional 791 shares during the period. Deutsche Bank AG lifted its stake in Harley-Davidson by 7.8% during the 4th quarter. Deutsche Bank AG now owns 11,486 shares of the company’s stock valued at $346,000 after acquiring an additional 831 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in shares of Harley-Davidson by 237.9% in the 4th quarter. Bessemer Group Inc. now owns 1,301 shares of the company’s stock valued at $39,000 after buying an additional 916 shares during the period. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Harley-Davidson Price Performance

HOG stock opened at $24.23 on Wednesday. The firm has a market cap of $2.94 billion, a P/E ratio of 12.55, a price-to-earnings-growth ratio of 0.40 and a beta of 1.29. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.20 and a current ratio of 1.37. Harley-Davidson, Inc. has a 1 year low of $20.45 and a 1 year high of $39.93. The stock has a 50-day simple moving average of $24.27 and a 200-day simple moving average of $24.74.

Harley-Davidson (NYSE:HOG) last announced its earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.11). The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.09 billion. Harley-Davidson had a net margin of 5.76% and a return on equity of 7.43%. The business’s revenue for the quarter was down 19.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.63 earnings per share. On average, equities analysts predict that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were paid a dividend of $0.18 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.72 annualized dividend and a yield of 3.0%. Harley-Davidson’s dividend payout ratio is 37.31%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on HOG shares. Robert W. Baird lifted their target price on shares of Harley-Davidson from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, May 14th. DA Davidson reaffirmed a “buy” rating and issued a $31.00 target price on shares of Harley-Davidson in a research report on Wednesday, April 9th. Citigroup lifted their target price on Harley-Davidson from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Monday, June 16th. Finally, UBS Group lowered their price objective on Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Tuesday, July 8th. Six investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $29.83.

About Harley-Davidson

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.